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Fuel theft, violence siphoning $215 million from Ecuador oil industry

By Alexandra Valencia ESMERALDAS/SANTO DOMINGO, Ecuador (Reuters) – Organized crime groups in Ecuador are increasingly stealing fuel from state-run oil company Petroecuador…
Investing

Tokyo government to introduce four-day workweek for its employees

The Tokyo government plans to introduce a four-day workweek for its employees in an attempt to support young families and boost record-low…
Investing

China opens probe into Nvidia, accusing company of violating its anti-monopoly law

China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already tense trade relations between…
Investing

OpenAI releases Sora, its buzzy AI video-generation tool

OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to…
Investing

Women’s basketball league Unrivaled signs uniform deal with Under Armour

The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed…
Economy

Carlyle’s AlpInvest, Mubadala join forces for new financing partnership

By Echo Wang NEW YORK (Reuters) – AlpInvest Partners, the secondary investments unit of buyout firm Carlyle Group (NASDAQ:CG), and Abu Dhabi’s…
Economy

Future pandemic could cause $13.6 trln economic loss -Lloyd’s of London

LONDON (Reuters) – Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial…
Economy

Bank of Canada likely to reduce interest rate by 50bps

By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is poised to cut its key policy rate by another 50 basis…
Economy

Factbox-Brokerages expect 25-bps US rate cut in December ahead of CPI data

(Reuters) – Major brokerages, including Morgan Stanley (NYSE:MS) and Goldman Sachs, have reiterated their expectation of a quarter-point interest rate cut by…
Economy

US tariffs on EU could crimp eurozone growth, UBS says

Investing.com — The imposition of a 10% US tariff on all imports from the Eurozone could significantly impact growth, according to UBS…
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